Semler Scientific Inc. has given a summary of their latest developments in areas like acquisitions, financial markets operations, and the progress of their BTC Yield, which is an essential part of their investment approach, regarding Bitcoin. Here are some key points:
– Bitcoin price: $91,685
– 24h volatility: 3.6%
– Market cap: $1.82 trillion
– Volume within the last 24 hours: $66.30 billion
As a researcher, I’ve uncovered that our company currently possesses 2,321 Bitcoins, which collectively cost us approximately $191.9 million, translating to an average price of around $82,687 per Bitcoin, taking into account all associated fees and expenses. Over the span from December 16, 2024, to January 10, 2025, we added 237 Bitcoins to our holdings at a total cost of $23.3 million. The means for this acquisition were sourced through a combination of an “at the market” (ATM) offering and operational cash flow. During this period, the average price we paid per Bitcoin was approximately $98,267.
Semler Scientific partnered with Cantor Fitzgerald & Co. to occasionally sell their common shares through an “at-the-market” (ATM) program for fundraising purposes. In December 2024, they boosted the potential funding amount to a maximum of $150 million. As of January 10, 2025, the company had accumulated approximately $121.8 million in total funds from these stock transactions.
BTC Yield as a Measure of Investment Success
The company shared the high rate of success in acquiring Bitcoin, revealing that from October 1, 2024, to January 10, 2025, their Bitcoin returns amounted to 72.6%, and over a longer period, from July 1, 2024, to January 10, 2025, they achieved an impressive yield of 99.3%.
Semler Scientific relies on Bitcoin Return on Investment (BTC Yield) as a significant indicator to assess the effectiveness of its approach, which involves purchasing Bitcoins in a manner that advantages its shareholders. The firm contends that this figure aids investors in comprehending their choice to issue extra shares and raise funds for Bitcoin acquisitions.
Bitcoin as Protection Against Inflation
In May 2024, the healthcare services company decided to keep Bitcoins as their main reserve asset. At that time, Chairman Eric Semler stated that this move showcased their confidence in Bitcoin as a stable form of value storage. Furthermore, he mentioned that they view Bitcoin’s limited supply as an effective protection against inflation and a secure choice amidst global turmoil.
Semler Scientific revealed they scrutinized different applications for their cash reserves. Following thoughtful deliberation and assessment of multiple possibilities, the firm decided that investing in Bitcoin offered a more advantageous choice compared to keeping surplus cash.
Semler Scientific’s latest investment in Bitcoin mirrors the increasing trend among prominent organizations towards digital assets. For example, MicroStrategy disclosed its acquisition of 2,530 Bitcoins, now holding approximately 450,000 BTC. The strategic adoption of Bitcoin by key institutions may spark further interest among businesses and nations, potentially resulting in a more defined and advantageous legal landscape for digital currencies.
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2025-01-13 21:27